USTaxAidDiane Kennedy's USTaxAid2016-12-08T22:45:32Zhttp://www.ustaxaid.com/feed/atom/Diane Kennedyhttp://www.ustaxaid.com/?p=101152016-11-21T22:33:26Z2016-11-27T17:00:36ZThis is the 4th blog in a series about changes we may expect to see in 2017 with your taxes. There are some significant changes likely coming for your business. But what if you’re a real estate investor? What changes will you have? In general, real estate investing is a good hedge if there is […]

]]>0Diane Kennedyhttp://www.ustaxaid.com/?p=101112016-11-21T22:31:28Z2016-11-25T17:00:21ZThere is a lot of talk in the media about a few of the changes under Pres-Elect Trump’s new tax plan and the House GOP (Brady) tax plan. Corporate tax rates are likely to go down to 15-20% from a high of 35%. The estate tax is going away. And then there are some changes […]

]]>0Diane Kennedyhttp://www.ustaxaid.com/?p=101062016-11-21T22:28:04Z2016-11-23T17:00:11ZThe one thing certain is change this next year. And likely that change will extend to your tax planning. If you have a business, there is a change you need to watch very carefully. Done right, you could pay a whole lot less in taxes. There is one thing that both Pres-Elect Trump and Kevin […]

]]>0Diane Kennedyhttp://www.ustaxaid.com/?p=101012016-11-21T22:17:44Z2016-11-21T22:13:47ZNothing is certain yet regarding tax law changes until 2017, but we do have a better idea now of what is going to happen to your federal taxes in 2017. If you are a business owner and/or make more than $100K per year, your taxes are going down. If you are at the lowest tax […]

]]>0Diane Kennedyhttp://www.ustaxaid.com/?p=99812016-04-29T02:21:55Z2016-05-21T15:00:56ZIt’s been years since I wrote a book entitled “Tax Loopholes for eBay Sellers.” eBay isn’t quite as hot as it used to be. Now the big thing is FBA (fulfilled by Amazon). The main tax questions are still the same, though. I recently received this question at USTaxAid. Q: I purchased Diane’s book Tax […]

]]>3Diane Kennedyhttp://www.ustaxaid.com/?p=99742016-04-28T22:09:32Z2016-05-17T15:00:10ZWithout a doubt, the number one topic for questions is “real estate professional”. How do I claim it? Do I qualify? If you have a particular set of circumstances and think you may benefit from being called a real estate professional, check out the “Real Estate Professional” home study course. Right now, it’s part of […]

]]>0Diane Kennedyhttp://www.ustaxaid.com/?p=99692016-04-25T03:43:36Z2016-05-12T15:00:46Z I received this question at USTaxAid.com. If you’ve got a question and don’t want to spring for a personal consultation, I answer questions for free at USTaxAid.com and through the Facebook group, Diane Kennedy’s US Tax Group. A paid consultation is more than just answering a question. We talk about your personal situation, your […]

]]>0Diane Kennedyhttp://www.ustaxaid.com/?p=99662016-04-25T03:32:56Z2016-05-06T15:00:22ZEver so often I get a question about what happens if you file your taxes wrong. Make you filed the wrong tax form or just discovered there was a mistake on a tax return already filed. That’s the subject of a question I received at USTaxAid.com. Q: It seems every year I have had help […]

]]>0Diane Kennedyhttp://www.ustaxaid.com/?p=99622016-04-24T17:01:37Z2016-05-02T15:00:28ZThe economy is booming and so is the tax scam market! Don’t believe everything you read when it comes to taxes. Including, I suppose, this blog post. Let me start there. I’m a Nevada CPA. My license number is 1886. If you want to check me out, just go to the Nevada State Board of […]

]]>0Diane Kennedyhttp://www.ustaxaid.com/?p=99592016-04-23T16:51:15Z2016-04-28T15:00:26ZEver since the real estate meltdown started in 2007, I’ve received tax questions about Form 1099C and Form 1099A. How do you report a Form 1099C? When do you report them? Is it taxable? And ever so often, a case comes along like happened with this community member. Eight years after a foreclosure, he received […]